Qvod Player officially declared bankruptcy, Wang Xin decided to develop blockchain

The Qvod Player officially declared bankruptcy.

On September 4, according to the website of
National Enterprise Bankruptcy Reorganization Case Information , Shenzhen Jin Yatai Technology Co., Ltd. filed a bankruptcy liquidation application against Shenzhen Qvod Player Technology Co., Ltd. (hereinafter referred to as Qvod Player Company), which was accepted by the Shenzhen Intermediate People of Guangdong Province. The court ruled that it will take effect from now. At the same time, the relevant documents confirmed that the Qvod Player Company owed the applicants a payment of 973,774.26 yuan and the overdue payment interest of 300,000 yuan.

After the news came out, Wang Xin, the founder and CEO of Qvod Player Company, also published a very touching comment on his personal Weibo: "For many years, you have been living in my wounds. I have abandoned the world, but never absndoned you, the mountains and waters of my life, let you say goodbye one by one. In addition to life and death in the world, Everthing is gossip."

Qvod Player Company founder Wang Xin’s wife Peng Peng also said on Weibo that the Qvod Player Company chooseing bankruptcy is to hope that through the bankruptcy process, the money owed to the partners can be repaid.

What did the Qvod Player have experienced?

Founded in 2007, Qvod Player has 300 million users in the peak period and is known as the “Otaku Artifact”.

In November 2013, dozens of genuine video websites and copyright parties launched the “China Network Video Anti-Piracy Joint Action”, which took technical counter-attacks and legal proceedings against Baidu video and Qvod Player piracy. In December of the same year, the National Copyright Administration determined that Baidu and Qvod Player Company constituted the fact of piracy, and each imposed a fine of 250,000 yuan on both, and ordered them to stop the infringement.

On April 22, 2014, according to reports from the masses, the news of the suspected dissemination of obscenity was quickly investigated by the police. On June 26 of the same year, the Shenzhen Municipal Market Supervision Bureau formally delivered the “Administrative Punishment Decision” to the Qvod Player company. On August 8, the same year, Wang Xin was arrested and brought to justice after 110 days of flight.

On January 7, 2016, Wang Xin committed the crime of spreading obscene articles and sentenced him to three years and six months in prison and a fine of RMB 1 million.

Until February 7 this year, Wang Xin was released from prison and was repeatedly exposed to re-starting a business. He may be involved in blockchain-related businesses.

“I couldn’t save the Qvod Player when I was released from prison.”

Wang Xin’s release from prison at the beginning of this year was the big news of the commercial session. Since the February 7th prison, it has been more than half a year. However, Wang Xin’s release of prison for the death of more than 300 million users of the “Otaku Artifact”, which had been established for more than ten years, did not seem to bring about the effect of reviving.

In September 2016, the court sentenced Wang Xin to three and a half years in prison and fined one million yuan, but apparently he was given a reduced sentence to catch up with the New Year's Eve of the Lunar New Year. Yao Jinbo, CEO of 58 Group, He Xiaopeng, CEO of Xiaopeng Automobile, and Li Xueling, CEO of Huanju Times, celebrated him.

Just after he was released from prison, Wang Xin’s Weibo immediately caused concern outside the circle.

Later, Wang Xin publicly stated that in the future, he will join the blockchain field and establish a “blockchain ideal country”. He is also suspected of publicly recruiting talents on social networks. According to the information inquiry channel such as Tianyancha, the founder of the Qvod Player, Wang Xin, has established Shenzhen Yunge Artificial Intelligence Technology Co., Ltd. as a shareholder.

According to Tianyan data, Shenzhen Yune Artificial Intelligence Technology Co., Ltd. was established on February 26 this year with a registered capital of 5 million. The legal representative is Wang Xin’s wife Peng Peng and Wang Xin is the controlling shareholder with a shareholding ratio of 91.5%. In addition, Xiaopeng Automobile Chairman He Xiaopeng is also a shareholder of the company, with a shareholding ratio of 1%. The company's business scope is Internet product development, etc.

In addition, from the Internet recruitment website, it can be found that the recruitment information of Yunge artificial intelligence includes blockchain development engineers and AI trainers, which confirmed Wang Xinxin's entry blockchain and artificial intelligence. I don't know the man who created the Qvod Player, and then he will spark in the field of artificial intelligence.